Envestnet Asset Management Inc. Buys 325,478 Shares of Federated Hermes MDT Small Cap Core ETF $FSCC

Envestnet Asset Management Inc. boosted its stake in shares of Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) by 353.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 417,496 shares of the company’s stock after purchasing an additional 325,478 shares during the quarter. Envestnet Asset Management Inc. owned about 23.19% of Federated Hermes MDT Small Cap Core ETF worth $12,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC acquired a new stake in shares of Federated Hermes MDT Small Cap Core ETF in the third quarter worth $202,000. Towerpoint Wealth LLC grew its stake in Federated Hermes MDT Small Cap Core ETF by 42.7% in the 3rd quarter. Towerpoint Wealth LLC now owns 24,222 shares of the company’s stock valued at $716,000 after buying an additional 7,243 shares during the last quarter. Finally, Truist Financial Corp bought a new position in Federated Hermes MDT Small Cap Core ETF in the 3rd quarter worth $9,718,000.

Federated Hermes MDT Small Cap Core ETF Price Performance

Federated Hermes MDT Small Cap Core ETF stock opened at $31.64 on Wednesday. Federated Hermes MDT Small Cap Core ETF has a fifty-two week low of $20.35 and a fifty-two week high of $32.77. The firm has a fifty day moving average price of $31.21 and a two-hundred day moving average price of $29.91. The firm has a market cap of $117.07 million, a price-to-earnings ratio of 15.80 and a beta of 1.42.

Federated Hermes MDT Small Cap Core ETF Company Profile

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.